Comparison of Measures of Core Inflation: A Reprint from ┐Economic Policy Review┐
DIANE Publishing, 2008 - 19 pages
The ability of central banks to differentiate between permanent & transitory price movements is critical for the conduct of monetary policy. The importance of gauging the persistence of price changes has led to the development of measures of underlying, or ┐core,┐ inflation that are designed to remove transitory price changes from aggregate inflation data. This article examines several proposed measures of core inflation -- the ex food & energy series, an ex energy series, a weighted median series, & an exponentially smoothed series -- to identify a ┐best┐ measure. Evaluates the measures┐ performance according to criteria such as ease of design, & accuracy in tracking trend inflation. Charts & tables.
What people are saying - Write a review
We haven't found any reviews in the usual places.
1-person households Mean 4:17 PM MACHINE Aleut Asian or Pacific census CENSUS90 CHARACTERISTICS TIPSII UPF Chinese Filipino contract rent dollars County Subdivision 10,000 DATA:CENSUS90 definitions of terms Eskimo GEORGIA GENERAL HOUSING Hispanic origin Hmong home or trailer HOUSEHOLDER Occupied housing households Mean number HOUSING CHARACTERISTICS GEORGIA HOUSING CHARACTERISTICS TIPSII housing unit Owner-occupied housing units _ housing units White included in rent meals included Mean contract rent Mean dollars meanings of symbols Median Renter-occupied housing Mobile home number of persons Occupied housing units ORIGIN OF HOUSEHOLDER Owner-occupied housing units Pacific Islander persons 4 persons persons per room RENT Specified renter-occupied renter Mean contract Renter-occupied housing units room 2 rooms ROOM Owner-occupied housing rooms 8 rooms rooms 9 Specified owner Mean Specified renter Mean Specified renter-occupied housing TAPE terms and meanings unit Owner-occupied housing units _ Less UNITS IN STRUCTURE units Per owner-occupied units Per renter-occupied units White Black White Hispanic